Sponsor: Caritas Communities
Loan Approved: October 22, 1999
MHP committed $668,000 to help a local non-profit preserve the affordability of a 20-unit SRO in Boston.
TYPE: Preservation.
WHERE: 28 Mount Pleasant Ave.
WHAT: The acquisition and renovation of a 20-unit single-resident occupancy (SRO) building.
AFFORDABILITY: Nine units at or below 50 percent of the area median income.
MHP FINANCING: $268,000 first mortgage, $400,000 second mortgage.
RENTAL INFORMATION: Caritas Communities, 781-843-1242.